Having Settled its Tax Dispute with the US in Q2, Credit Suisse Announces Profits in Q3

Having Settled its Tax Dispute with the US in Q2, Credit Suisse Announces Profits in Q3

Credit Suisse paid a fine of $2.6m in May 2014 to settle its tax dispute with the US. Today they announced the Q3 and YTD results. The net profit more than doubled on a YTD basis and the pre-tax profit reached c.a. $1.4m. The investment bank increased doubled its pre-tax profit from a year earlier.

Credit Suisse increased its Tier I ratio to 14.3%, well above the Basel III requirements.